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If you don't control your budget then you could get into debt. This means that you will eventually end up paying out more for the products that you own. You may also have to borrow from places that charge high interest rates or give you severe penalties for not paying money back. This can result in you not having money for basic things like food and clothing which results in unhappiness for all of the family.

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Q: What is the importance of budget planning?
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